8lpa ctc? Or taxable income? .... If it's your ctc then your taxable income will be in the range 6.5 to 6.7(taxable in old regime)..... Make some investments in 80c category (ppf, elss funds..in 1yr you can make 1.5 lac including pf which automatically deducted).... Make declarations of your rent. ... Bring your net taxable income under 5 lakh.... With 8 lpa ctc.. It's not dat difficult.
Thank you. By taking last year's reference for new tax regime I calculated approximately.
It came around 697000. What if it crosses 7lacs in regime. Like 705000.
If I donate 5001. Will I get tax exemption????
It seems like you are early stages of your career.... My advice would be open a nps account... Make some annual investment around 12k(1k per month). It will give you tax benefits... And at the time beneficial in the long run.
